Gibraltar Industries, Inc. (ROCK) Releases FY17 Earnings Guidance
Gibraltar Industries, Inc. (NASDAQ:ROCK) updated its FY17 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.86. Gibraltar Industries also updated its Q1 guidance to $0.17-0.21 EPS.
Several research firms have recently issued reports on ROCK. Wedbush upped their price objective on Gibraltar Industries from $45.00 to $52.00 and gave the stock an outperform rating in a research report on Tuesday, December 6th. Zacks Investment Research raised Gibraltar Industries from a sell rating to a buy rating and set a $42.00 price objective for the company in a research report on Monday, October 31st.
Gibraltar Industries, Inc. (NASDAQ:ROCK) traded down 8.47% on Friday, hitting $40.55. The stock had a trading volume of 428,902 shares. The company’s 50-day moving average is $42.84 and its 200-day moving average is $40.48. Gibraltar Industries, Inc. has a one year low of $23.59 and a one year high of $48.05. The stock has a market cap of $1.28 billion, a P/E ratio of 31.34 and a beta of 2.03.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, February 17th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The business had revenue of $231.90 million for the quarter, compared to analyst estimates of $228.50 million. Gibraltar Industries had a return on equity of 11.20% and a net margin of 3.56%. The business’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. On average, analysts anticipate that Gibraltar Industries, Inc. will post $1.59 earnings per share for the current fiscal year.
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About Gibraltar Industries
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company operates through three segments: Residential Products, Industrial and Infrastructure Products and Renewable Energy and Conservation.
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